§ 55-9-401 Alienability of debtor’s rights
§ 55-9-402 Secured party not obligated on contract of debtor or in tort
§ 55-9-403 Agreement not to assert defenses against assignee
§ 55-9-404 Rights acquired by assignee; claims and defenses against assignee
§ 55-9-404 v2 Rights acquired by assignee; claims and defenses against assignee. (Effective January 1, 2024.)
§ 55-9-405 Modification of assigned contract
§ 55-9-406 Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective
§ 55-9-406 v2 Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective. (Effective January 1, 2024.)
§ 55-9-407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest
§ 55-9-408 Restrictions on assignment of promissory notes, health- care-insurance receivables and certain general intangibles ineffective
§ 55-9-408 v2 Restrictions on assignment of promissory notes, health- care-insurance receivables and certain general intangibles ineffective. (Effective January 1, 2024.)
§ 55-9-409 Restrictions on assignment of letter-of-credit rights ineffective

Terms Used In New Mexico Statutes > Chapter 55 > Article 9 > Part 4

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.